Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Euro tumbles in Asia as attention shifts to Wyoming meeting
On Monday, the common currency dived in Asia because attention shifts to a gathering of key bankers in Wyoming this week just to see whether the ECB is going to start discussing its dial-back initiatives for stimulus in more detail or not.
The currency pair EUR/USD hit 1.1754, decreasing 0.06%. Besides this, AUD/USD reached 0.7930, going down 0.01%. At the same time USD/JPY demonstrated 109.24, soaring 0.05%.
Tracking the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went up 0.04% trading at 93.40.
The previous week on Friday, the evergreen buck inched down versus a basket of the other key currencies because political uncertainty in the USA as well as surging doubts over the prospects for another rate lift by the Fed in 2017 added pressure.
The US currency went down to four month minimums versus the Japanese rival earlier in the day, although pared losses after reports that Steven Bannon, senior White House advisor was leaving his position.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.